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Bernanke: Recession More Likely Without Bailout.

I am SO confused.

According to the AP (and others) the U. S. economy has been in a recession since about Q4 of 2007. But just today they report:

“Bernanke: Recession more likely without bailout.”

Q: How can we enter a recession without a the government bailout of wall street if we’ve been in a recession for a year?

A: We haven’t been in a recession.

A quick search of this site turns up the following posts:

Well, I guess you get the idea… I’m not one to buy into the AP’s desire for a U. S. recession. Still, all snarkyness aside, this bailout business is more than a bit unsettling…

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